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A.K.

Series-Dec/2017
Banking Awareness Special

Q1. The parameters that invite Prompt Corrective Action from the central bank
are-
(a) Capital to Risk weighted Asset Ratio
(b) Net Non-Performing Assets (NPA)
(c) Return on Assets (RoA)
(d) Leverage ratio
(e) All of the Above

Q2. The PCA framework is applicable only to ______________.


(a) Non-Banking Financial Companies
(b) Financial Management Institutions
(c) Commercial banks
(d) Co-operative Banks
(e) None of the given options is true

Q3. In recent PCA framework, how many Risk Threshold categories are there?
(a) 2
(b) 3
(c) 4
(d) 5
(e) 6

Q4. The Banks with a net Non-Performing Asset (NPA) ratio of 6-9 percent will fall
under risk category _____________.
(a) 3
(b) 5
(c) 4
(d) 1
(e) 2

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Q5. Once PCA is triggered by the regulator, the bank faces restrictions on
spending money on ________________.
(a) opening branches
(b) recruiting staff
(c) giving increments to employees
(d) Only (a) and (b)
(e) Only (a) (b), and (c)

Q6. Which among the following PSBs is not under PCA?


(a) UCO Bank
(b) Oriental Bank of Commerce
(c) Syndicate Bank
(d) Dena Bank
(e) Indian Overseas Bank

Q7. Which among the following were the two banks on which initially restrictions
were imposed.
(a) SBI and BOB
(b) Indian Overseas Bank and PNB
(c) Dena Bank and UCO Bank
(d) IDBI Bank and UCO Bank
(e) Vijaya Bank and Bank of India

Q8. This year has been a season of putting banks under PCA category. What is the
meaning of "P" in PCA?
(a) Prompt
(b) Prove
(c) Public
(d) Price
(e) Personal

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Q9. Till date there are how many banks on which PCA has been triggered?
(a) 8
(b) 10
(c) 11
(d) 9
(e) 13

Q10. The Banks with a net NPA ratio above 12 percent fall into the category
___________.
(a) 1
(b) 2
(c) 5
(d) 4
(e) 3

Q11. According to accepting public deposits, NBFCs can be classified into ____
broad categories.

(a) Two
(b) Three
(c) Four
(d) One
(e) Five

Q12. Which of the following is the country’s largest custodian and depository
participant?

(a) CIBIL
(b) SEBI
(c) NABARD
(d) SHCIL

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(e) None of the given options is true

Q13. StockHolding was incorporated as a Public Limited Company in-


(a) 1995
(b) 1992
(c) 1986
(d) 1981
(e) 1979

Q14. StockHolding is a subsidiary of-


(a) IFCI Limited
(b) RBI
(c) Government of India
(d) SIDBI
(e) IDBI Limited

Q15. Which of the following is the parent organisation of UPI?


(a) RBI
(b) GOI
(c) NPCI
(d) PMMY
(e) SEBI

Q16. Which of the following is the dimension of new 500 rupee note?
(a) 157 × 73 mm
(b) 66 × 150 mm
(c) 66 × 166 mm
(d) 147 × 73 mm
(e) None of the given options is true

Q17. Which of the following is the base color of 2000 rupee note?
(a) Stone Grey
(b) Green

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(c) Orange – Violet


(d) Magenta
(e) Red – Orange

Q18. Which of the following is the dimension of 2000 rupee note?


(a) 157 × 73 mm
(b) 66 × 150 mm
(c) 66 × 166 mm
(d) 147 × 73 mm
(e) None of the given options is true

Q19. Which of the following is the color of new 500 rupee note?
(a) Stone Grey
(b) Green
(c) Orange– Violet
(d) Magenta
(e) Red– Orange

Q20. Which of the following features on the reverse of 2000 rupee note?
(a) Mangalyaan
(b) Himalaya Mountains
(c) Red Fort
(d) Parliament of India
(e) Tractor

Q21. In which of the following types of banking, there is a direct execution of


transaction between a bank and its consumers?
(a) Retail Banking
(b) Universal Banking
(c) Virtual Banking
(d) Unit Banking
(e) None of the given options is true

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Q22. Maximum loan amount to individuals against physical security shares can be
_____
(a) 20 lakh
(b) 15 lakh
(c) 25 lakh
(d) 50 lakh
(e) 10 lakh

Q23. The process by which the central bank of a country controls the supply of
money in the economy by exercising its control over interest rates in order to
maintain price stability and achieve high economic growth is known as:
(a) Economic Policy
(b) Monetary Policy
(c) Fiscal Policy
(d) Credit Policy
(e) Budgetary Policy

Q24. Loans granted by a bank to an exporter popularly known as ‘Export credit’ is


guaranteed, in case of default,by which of the following
(a) EXIM Bank
(b) Ministry of International Trade, GOA
(c) ECGC
(d) DICGC
(e) None of the given options is true

Q25. Who amongst the following is the regulator in the financial system of the
country?
(a) OIC
(b) SEBI
(c) CRISIL
(d) TRAN
(e) CERC

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Q26. ___________ is vested with the responsibility of conducting monetary policy.


(a) RBI
(b) SBI
(c) NABARD
(d) SIDBI
(e) Finance Ministry

Q27. In which year the Reserve Bank of India (RBI) Act, 1934 was amended to
provide a statutory basis for the implementation of the flexible inflation targeting
framework?
(a) May 2013
(b) May 2014
(c) May 2015
(d) May 2016
(e) May 2012

Q28. Which scheme/act has enables an expeditious and inexpensive forum to bank
customers for resolution of complaints relating to certain services rendered by
banks?
(a) Reserve Bank of India Act, 1934
(b) Banking Regulation Act, 1949
(c) Securitization Act 2002
(d) FEMA
(e) Banking Ombudsman Scheme

Q29. The Banking Ombudsman Scheme is introduced by RBI with effect from-
(a) 1991
(b) 1995
(c) 1990
(d) 2002
(e) 2006

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Q30. IBA adopts a consultative approach to give its views on any issue pertaining
to banking sector. What is the meaning of "I" in IBA?
(a) International
(b) Institute
(c) Investment
(d) Indian
(e) Increase

Q31. Which Bank has launches 10-second paperless instant loan Scheme?
(a) HDFC
(b) SBI
(c) PNB
(d) IDBI
(e) ICICI

Q32. Which among the following organisation to provide Rs 30,000 crore credit to
farmers for irrigation?
(a) NABARD
(b) RBI
(c) SBI
(d) PNB
(e) SIDBI

Q33. Which of the following bodies regulates the Regional Rural Banks?
(a) Union Government
(b) SBI
(c) RBI
(d) NABARD
(e) SIDBI

Q34. Which among the following banks has launched the First Multi-Currency
Contactless Card service in India?
(a) HDFC Bank
(b) Axis Bank

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(c) State Bank of India


(d) Punjab National Bank
(e) ICICI Bank

Q35. Name the organisation, which has allows Banks to tie up with insurers?
(a) IRDAI
(b) RBI
(c) SBI
(d) World Bank
(e) SEBI

Q36. An FVCI can invest in an Indian company engaged in-


(a) Biotechnology
(b) Dairy industry
(c) Production of bio-fuels
(d) IT related to hardware and software development
(e) All of the above

Q37. If the shares or convertible debentures are not issued within __________ days
from the date of receipt of the inward remittance or date of debit to
NRE/FCNR(B)/Escrow account, the amount shall be refunded.
(a) 210 days
(b) 150 days
(c) 180 days
(d) 120 days
(e) 90 days

Q38. FCCB is a type of corporate bond issued by an Indian company in an overseas


market in a currency different from that of the issuer. FCCB stands for-
(a) Foreign Currency Convertible Board
(b) Foreign Currency Convertible Banking
(c) Foreign Currency Convertible Bond
(d) Foreign Currency Convertible Base

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(e) Foreign Currency Convertible Basel

Q39. What is the meaning of "C" in ECB?


(a) Concourse
(b) Cashless
(c) Common
(d) Conclusion
(e) Commercial

Q40. ECB can be raised under Track-II for general corporate purpose (including
working capital). The minimum average maturity period will be-
(a) 05 years
(b) 10 years
(c) 15 years
(d) 20 years
(e) 25 years
S15. Ans.(b)

Q41. Loan and Advances of a bank come under which of the following category?
(a) Assets
(b) Liabilities
(c) Deposits
(d) All of the Above
(e) None of the given options is true

Q42. RBI sold its stake in NABARD to the Government of India, which now holds
_____ stake.

(a) Approx 65%


(b) Approx 70%
(c) Approx 95%

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(d) Approx 99%


(e) Approx 24%

Q43. Which of the following is not available to depositors of NBFCs?


(a) Deposit Insurance facility
(b) Acquisition of shares
(c) Loans and Advances
(d) All of the Above
(e) None of the given options is true

Q44. NBFCs include ______


(a) loan company
(b) investment company
(c) asset finance company
(d) All of the Above
(e) None of the given options is true

Q45. India Infrastructure Finance Company Ltd (IIFCL) is a wholly-owned


____________ company set up in 2006.
(a) NABARD
(b) SEBI
(c) RBI
(d) Finance Ministry
(e) Government of India

Q46. NSDL is the first and largest depository in India, established in-
(a) August 2003
(b) August 1991
(c) August 1989
(d) August 1999
(e) August 1996

Q47. A Public Provident Fund (PPF) account holder can deposit a maximum of-
(a) 1.5 Lakhs

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(b) 2.5 Lakhs


(c) 1.0 Lakh
(d) 3.5 Lakhs
(e) 5.0 Lakhs

Q48. Where is the headquarters of Paschim Banga Gramin Bank?


(a) Howrah, West Bengal
(b) Nagpur, Maharashtra
(c) Dumka, Jharkhand
(d) Bolangir, Odisha
(e) Bathinda, Punjab

Q49. National Securities Depository Limited is an Indian central securities


depository based in _______
(a) New Delhi
(b) Chennai
(c) Hyderabad
(d) Mumbai
(e) Bengaluru

Q50. The Board of Industrial and Financial Reconstruction (BIFR) came into
existence in-
(a) 1999
(b) 1995
(c) 1991
(d) 1987
(e) 1982

Q51. Which committee has recommended the setting up of Special Tribunals to


reduce the time required for settling cases and accepting the recommendations,
DRTs were established?
(a) Kelkar committee
(b) Justice Reddy committee
(c) Rangarajan Committee

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(d) Sivaraman Committee


(e) Narasimham Committee

Q52. DRT has been constituted under Section 3 of the Recovery of Debts Due to
Banks and Financial Institutions Act, 1993. DRT stands for-
(a) Debt Recovery Tribunals
(b) Demand Recovery Tribunals
(c) Deposit Recovery Tribunals
(d) Debt Refinance Tribunals
(e) Debt Recovery Treaty

Q53. What is the financial limit Under MUDRA's Tarun scheme?


(a) Rs. 40 lakh to Rs. 50 lakh
(b) Rs. 30 lakh to Rs. 40 lakh
(c) Rs. 20 lakh to Rs. 30 lakh
(d) Rs. 10 lakh to Rs. 20 lakh
(e) Rs. 5 lakh to Rs. 10 lakh

Q54. Who can set up an SEZ?


(a) Private sector
(b) Public sector
(c) State government
(d) All of the above
(e) Only (a) and (b)

Q55. Securitisation act 2002 is enables the banks to issue notices to defaulters who
have to pay the debts within __________ days.
(a) 90 days
(b) 60 days
(c) 30 days
(d) 120 days
(e) None of the given options is true

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Q56. Who is the present Chairman and Managing Director (CMD) of Dena Bank?
(a) Ashwani Kumar
(b) Ramesh S Singh
(c) Shakti Rao
(d) Rakesh Sethi
(e) Amit Chatterjee

Q57. Name the Managing Director & CEO of Andhra Bank.


(a) A Krishnakumar
(b) Kul Bhushan Jain
(c) A K Rath
(d) Suresh N Patel
(e) G Sivakumar

Q58. Founded in 1943, UCO Bank is a commercial bank and a Government of India
Undertaking. Who is present MD & CEO of UCO Bank?
(a) Charan Singh
(b) G Subramania Iyer
(c) Md Mustafa
(d) Ajay Tyagi
(e) RK Takkar

Q59. Sunil Mehta is MD and CEO of which Bank?


(a) Central Bank of India
(b) United Bank of India
(c) Punjab National Bank
(d) Allahabad Bank
(e) Bank of Baroda

Q60. Jai Kumar Garg is Managing Director and CEO of-


(a) State Bank of India
(b) Corporation Bank

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(c) Union Bank of India


(d) Indian Overseas Bank
(e) United Bank of India

Q61. Name the person, who has took over the charge of the United Bank of India
as its Managing Director & CEO on 9th August 2016?
(a) Pawan Kumar Bajaj
(b) Rajnish Kumar
(c) Sunil Arora
(d) Rajeev Mehrishi
(e) Usha Ananthasubramanian

Q62. Usha Ananthasubramanian is present MD and CEO of which Bank?


(a) Oriental Bank of Commerce
(b) Allahabad Bank
(c) Canara Bank
(d) Punjab and Sindh Bank
(e) Syndicate Bank

Q63. Indian Overseas Bank is a major public sector bank based in Chennai. Who is
present MD & CEO of Indian Overseas Bank?
(a) PS Jayakumar
(b) T C A Ranganatha
(c) R Subramaniakumar
(d) Sunil Mehta
(e) Rajeev Rishi

Q64. Who is present Managing Director & CEO of Bank of Maharashtra?


(a) Rajeev Rishi
(b) Ratan Pal Singh
(c) Yogesh Rao
(d) RP Marathe
(e) Raman Shah

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Q65. Founded as 'Canara Bank Hindu Permanent Fund' in 1906, by late Shri
Ammembal Subba Rao Pai, a philanthropist, this small seed blossomed into a
limited company as 'Canara Bank Ltd.' in 1910 and became Canara Bank in 1969
after nationalization. Who is the present MD and CEO of Canara Bank?
(a) Venkatachalam Ramakrishna Iyer
(b) Mahadev Nagendra Rao
(c) Uma Shankar
(d) MV Rao
(e) Rakesh Sharma

Q66. Mukesh Kumar Jain has been appointed as Managing Director & Chief
Executive Officer of ________.
(a) Oriental Bank of Commerce
(b) Allahabad Bank
(c) Canara Bank
(d) Punjab and Sindh Bank
(e) Syndicate Bank

Q67. Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna
in coastal Karnataka with a capital of Rs.8000. Name the Chairman of Syndicate
Bank?
(a) Kamal Kishore Singhal
(b) Ajay Vipin Nanavati
(c) Melwyn Rego
(d) S Krishnan
(e) Vandana Kumari Jena

Q68. Punjab & Sind Bank is a government-owned bank, with headquarters in New
Delhi. Who is present Chairman & Managing Director of Punjab & Sind Bank?
(a) Harsh Bir Singh
(b) Pradipta K Jena
(c) Jatinderbir Singh
(d) Fareed Ahmed
(e) Govind N Dongre

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Q69. Kishor Kharat is Managing Director & Chief Executive Officer of which Bank?
(a) Vijaya Bank
(b) Union Bank of India
(c) Bank of Baroda
(d) Indian Bank
(e) Dena Bank

Q70. Who is Ravi Venkatesan in Banking industry?


(a) Deputy Chief Executive of Bank of Baroda
(b) Chief Executive of Bank of Baroda
(c) Executive Director of Bank of Baroda
(d) Managing Director & CEO of Bank of Baroda
(e) Chairman of Bank of Baroda

Q71. Name the Private sector Bank, which has received $150 million funding from
the US government and Wells Fargo to increase lending to support women
entrepreneurs and small and medium-sized enterprises in India.
(a) Axis Bank
(b) ICICI Bank
(c) Yes Bank
(d) Kotak Mahindra Bank
(e) South Indian Bank

Q72. What is the minimum amount to be remitted through RTGS-


(a) Rs.2 lakh
(b) Rs.10 lakh
(c) Rs.1 lakh
(d) Rs.5 lakh
(e) Rs.20 lakh

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Q73. Which Bank has tied up with PFG Forex for remittance facility for the benefit
of Indian expatriates from Australia. The new facility will leverage the bank to
reach the Indian diaspora?
(a) Axis Bank
(b) ICICI Bank
(c) Bank of Baroda
(d) State Bank of India
(e) South Indian Bank

Q74. FINO Payments Bank has commenced operations as a payments bank with
effect from 30th June 2017 according to the Reserve Bank of India. Where is the
head office of FINO Payments Bank?
(a) Chennai
(b) Jaipur
(c) Bengaluru
(d) Mumbai
(e) Punjab

Q75. The Financial Stability Board (FSB) is an international body for the global
financial system, has placed India in the league of countries that are 'compliant or
largely compliant’ on the implementation of priority area reforms. In which among
the following year FSB was established?
(a) 2001
(b) 2009
(c) 2003
(d) 2015
(e) 1997

Q76. Who is the present Managing Director (MD) of HDFC Bank?


(a) Rajnish Kumar
(b) Uday Kotak
(c) Shikha Sharma

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(d) Chanda Kochhar


(e) Aditya Puri

Q77. Which among the following insurance comapany and Apollo Munich Health
have come together to launch ‘Click2Protect Health plan’, which provides both life
and health cover under a single plan?
(a) Aviva Insurance company
(b) MetLife insurance company
(c) Sun Life Financial
(d) HDFC Life Insurance
(e) ING Group

Q78. Where is the headquarters of Asian Development Bank (ADB)?


(a) New Delhi, India
(b) Beijing, China
(c) Manila, Philippines
(d) Tokyo, Japan
(e) Nairobi, Kenya

Q79. The government has kept unchanged the interest rates on small savings
schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi for October-December
quarter. Sukanya Samriddhi Account can be opened up to age of _______ years only
from the date of birth.
(a) 5 years
(b) 10 years
(c) 15 years
(d) 20 years
(e) 25 years

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Q80. Which Bank has entered into an MoU with Hindustan Petroleum Corporation
Ltd (HPCL) for enabling all HPCL retail outlets with BHIM/UPI merchant solutions?
(a) Vijaya Bank
(b) Corporation Bank
(c) Bank of India
(d) State Bank of India
(e) Bank of Baroda

Q81. _________ account is opened by the investor while registering with an


investment broker.
(a) Fixed Deposit Account
(b) Savings Bank Account
(c) Recurring Account
(d) Demat Account
(e) None of the given options is true

Q82. Which of the following bank launches India’s first Mobile ATM?
(a) HDFC Bank
(b) Axis Bank
(c) ICICI Bank
(d) SBI
(e) Bank of Baroda

Q83. World’s first Bitcoin ATM located in-


(a) US
(b) Brazil
(c) Canada

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(d) UK
(e) Japan

Q84. _______ is a financial market in which share prices are rising or expected to
rise.
(a) Bear Market
(b) Bull Market
(c) Pig Market
(d) High Market
(e) None of the given options is true

Q85. Who was known as the “Father of Modern Economics”?


(a) Amartya Sen
(b) Karl Marx
(c) Adam Smith
(d) George Loewenstein
(e) None of the given options is true

Q86. The “in-principle” approval for setting up ‘small finance banks’ granted by
RBI will be valid for-

(a) 12 Months
(b) 24 Months
(c) 10 Months
(d) 18 Months
(e) 30 Months

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Q87. Which of the following is an independent commodity exchange based in


Mumbai?
(a) MGEX
(b) MCE
(c) MDEX
(d) MCX
(e) MEX

Q88. Which of the following is a pension scheme focused on the workers in the
unorganised sector?
(a) SSY
(b) AMRUT
(c) APY
(d) PMAY
(e) None of the given options is true

Q89. An Indian rupee denominated bond issued outside India is called-?


(a) Yankee bond
(b) Bulldog bond
(c) Uridashi bond
(d) Samurai bond
(e) Masala bond

Q90. Who among the following appoints the “Authorized Dealers” for foreign
exchange transactions?
(a) GOI
(b) RBI
(c) PSBs
(d) FEDAI
(e) FIMMDA

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Q91. SMERA Ratings Limited is a full service Credit Rating Agency, registered with-
(a) ECAI
(b) RBI
(c) SEBI
(d) NSIC
(e) NABARD

Q92. Which of the following is India’s first Credit Information Company?


(a) CRISIL
(b) CIBIL
(c) SMERA
(d) CERSAI
(e) CARE

Q93. Which of the following is an apex financial institution for housing?


(a) AIFI
(b) NHB
(c) DFI
(d) SIDBI
(e) NABARD

Q94. NHB is wholly owned by ______


(a) GOI
(b) RBI
(c) SEBI
(d) NABARD
(e) Finance Ministry

Q95. The International Bank for Reconstruction and Development (IBRD) is an


international financial institutions that offer loans to-
(a) Multinational Banks
(b) Multinational Financial Institutions
(c) Middle Income Developing Countries
(d) Non Government Organizations

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(e) None of the given options is true

Q96. The Reserve Bank of India (RBI) is to launch a financial literacy drive in 80
blocks in nine states on the pilot basis to educate people on e-transactions, formal
sector borrowings and insurance purchases. What is the aim of this drive?
(a) To inculcate the habit of making a household budget and recording financial
transactions
(b) Encourage transactions in savings accounts
(c) Active saving by depositing in banks through fixed deposits and recurring deposits
(d) All of the above is the aim of this drive
(e) Refers to the efficient and effective management of money (funds) in such a manner
as to accomplish the objectives

Q97. Senior Citizen Savings Scheme (SCSS) Account is an individual of the Age of
________ or more may open the account.
(a) 60 years
(b) 55 years
(c) 70 years
(d) 50 years
(e) 65 years

Q98. In the Fifth Bi-monthly Monetary Policy Statement 2017-18, the Monetary
Policy Committee (MPC) has decided to keep the policy repo rate under the
liquidity adjustment facility (LAF) unchanged at-?
(a) 5.50 percent
(b) 5.75 percent
(c) 6.25 percent
(d) 6.50 percent
(e) 6.00 percent

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Q99. RBI has notified that P2P lending platforms need to be regulated and treated
on par with Non-Banking Financial Companies (NBFCs). P2P stands for-
(a) Product-to-Product
(b) Peer-to-Peer
(c) Person-to-Person
(d) Primary-to-Primary
(e) Priority-to-Priority

Q100. Which among the following organisation has allowed Infrastructure


Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) to raise
capital by issuing debt securities?
(a) SIDBI
(b) IRDAI
(c) SEBI
(d) NABARD
(e) RBI

A word of caution to the users of the series.


While we have taken every care and precaution in compiling the material
error-free, a few mistakes might have crept in inadvertently. The Publisher
does not owns up any responsibility for controversies, if any, arising out of
this compilation.

Best of Luck
Anish Khan
SBI IIT, NEW DELHI
Mob- 9720440786

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